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Nov 30, 2012
11/12
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FBC
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one of the reasons was superstorm sandy affected business. so they're off to a slow start for the current quarter. as for the third quarter just wrapped up, really solid numbers. profits rose by 57% in q3. they raised their numbers for the full year but genesco obviously a big loser today. back to you. melissa: thanks so much, lauren. lori: president obama finally lit up his plan for avoiding the fiscal cliff. melissa is fully in favor of it. but republicans are not taking the bait. peter barnes is with us in d.c.. >> speakser boehner was back out in front ever the cameras the last hour splam slamming the president's proposal yet again but willing to move forward in good faith to reach a deal to avoid the fiscal cliff. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult but if you watched me over the last three weeks i've been very guarded what i have to say. i don't want to make it harder for me or the president or members of both parties to be able to find common ground. >> as you recall the president
one of the reasons was superstorm sandy affected business. so they're off to a slow start for the current quarter. as for the third quarter just wrapped up, really solid numbers. profits rose by 57% in q3. they raised their numbers for the full year but genesco obviously a big loser today. back to you. melissa: thanks so much, lauren. lori: president obama finally lit up his plan for avoiding the fiscal cliff. melissa is fully in favor of it. but republicans are not taking the bait. peter...
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Nov 30, 2012
11/12
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FBC
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usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as opposed to different prices to different customers. david: now you have a defensive pick. if you're less certain about the continued economic recovery you would pick fortune brands home and security. why? >> yes, sir. fortune brands is market share leader in plumbing. market share leader in the cabinet business. huge exposure to new residential construction. if they get higher volumes, that will drive profitability. have ex-streamly high quality management team. the best in class operator. we like their dominant dogs in the categories they operate. look for continued share gains and extremely robust earnings
usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as...
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Nov 30, 2012
11/12
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CNNW
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and these are people who say staten island looks the same now as it did a few days after sandy. what is fema doing right there now? where is the money going? >> we have a lot of people on the ground in staten island and, first and foremost, you know, people -- you know, this storm hurt a lot of people. they have a right to be angry about that. but the important thing is to realize that we're there, and we're not leaving until we get it done. we have put into the community, into the new york community over $718 million in 30 days. we're getting the money to the people. but it's not enough. we have got to do more. we have got to continue to work with them. >> well, i think absolutely. i think most people would agree with that. the people at these meetings, at this meeting, they jeered when promised air quality is safe. you heard it in the story there. and we're hearing reports of breathing problems and skin irritations. how is fema addressing the health concerns? >> well, we work with the local officials, with the city health department, the state department of health and we'll br
and these are people who say staten island looks the same now as it did a few days after sandy. what is fema doing right there now? where is the money going? >> we have a lot of people on the ground in staten island and, first and foremost, you know, people -- you know, this storm hurt a lot of people. they have a right to be angry about that. but the important thing is to realize that we're there, and we're not leaving until we get it done. we have put into the community, into the new...
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Nov 30, 2012
11/12
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. >>> victims of superstorm sandy may soon need to face the possibility of living on boats. fema says it's researching the idea of quickly creating low cost housing on the water. officials say the vessels would ideally sleep two to six adults. >>> a new study released today finds the ice sheet covering most of greenland is melting fast and causing the oceans to rise. the findings are the result of 20 years of data. researchers say since 1992, the oceans rose 11 millimeters. >>> a new york city police officer's act of kindness is now a global sensation. a tourist visiting from arizona took this photo of the policeman who bought the shoes for a homeless man and is putting them on his feet. she posted it on facebook and it is now being shared and commented on by hundreds of thousands of people. an inspirational act of kindness. >> very inspirational. wonderful act of kindness. wonderful any time, especially this time of year. isha, thank you very much. >>> we are just three days away from sunday night's live broadcast of cnn heroes. an all-star tribute, our annual salute to the
. >>> victims of superstorm sandy may soon need to face the possibility of living on boats. fema says it's researching the idea of quickly creating low cost housing on the water. officials say the vessels would ideally sleep two to six adults. >>> a new study released today finds the ice sheet covering most of greenland is melting fast and causing the oceans to rise. the findings are the result of 20 years of data. researchers say since 1992, the oceans rose 11 millimeters....
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Nov 30, 2012
11/12
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MSNBCW
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as expected, initial unemployment claims surged after hurricane sandy devastated parts of the northeast. but today's numbers, from the department of labor, show the second straight week of decline. evidence of steady improvement in the labor market. the good news keeps on coming. the commerce department reports economic growth of the third quarter was actually better than first reported. the initial estimate had a gdp growth of just 2%. this morning the commerce department revised its estimates to show growth of 2.7%. that's the best gdp figure since the end of 2011 and the second best of the last three years. so things are looking up. president obama has an improving economy on his hands in spite of all the do-nothing congress that's going on in washington. anyone who still thinks that the term "do-nothing congress" is just a little too harsh, take a look at this. 906 bills were r passed from january 1947 through december of 1948. by the body that president harry truman listed and labeled as the do-nothing congress. the current congress with one month to go has passed 196 bills. by far
as expected, initial unemployment claims surged after hurricane sandy devastated parts of the northeast. but today's numbers, from the department of labor, show the second straight week of decline. evidence of steady improvement in the labor market. the good news keeps on coming. the commerce department reports economic growth of the third quarter was actually better than first reported. the initial estimate had a gdp growth of just 2%. this morning the commerce department revised its estimates...